We just wanted to give you a quick reminder that today is the due date for your quarterly tax payments for the fourth quarter of 2016.
When it comes to tracking your miles for taxes, we often talk about the mileage deduction and the mileage reimbursement. But there are other tax reasons to keep a mileage log. Let’s dive into the medical expense deduction and what role medical mileage plays. We’ll also discuss who can take this deduction, as well as what records you have to keep.
This article is brought to you by MSN Small Business.
When Rafael Romis started his website design company five years ago, he kept enough cash on hand to last about two weeks. That worked well until the company’s income taxes had to be paid.
If you’re a self-employed independent contractor, every client who pays you more than $600 during the year is required to report the payments to the IRS (and your state tax agency) on IRS Form 1099-MISC. This year, there’s a new 1099-MISC deadline.